Finance Act 2010
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
33 “Relevant person”
(1) Section 809M of ITA 2007 (remittance basis: meaning of “relevant person”) is amended as follows. (2) In subsection (2)(f), insert at the end “ or a company which is a 51% subsidiary of such a company, ”. (3) In subsection (3)(ca), for “Act),” substitute “ Act) and, in relation to a company that would be a close company if it were resident in the United Kingdom, means a person who would be such a participator if it were a close company, ”. (4) The amendments made by this section are treated as having come into force on 6 April 2010.
33 “Relevant person”
(1) Section 809M of ITA 2007 (remittance basis: meaning of “relevant person”) is amended as follows. (2) In subsection (2)(f), insert at the end “ or a company which is a 51% subsidiary of such a company, ”. (3) In subsection (3)(ca), for “Act),” substitute “ Act) and, in relation to a company that would be a close company if it were resident in the United Kingdom, means a person who would be such a participator if it were a close company, ”. (4) The amendments made by this section are treated as having come into force on 6 April 2010.
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